Ana Izza Accounting

the first evidence of accounting was found in Chineese and Babylonian empire.

Accounting is the planning recording and interpreting of financial information.

A buisness can be own by a single person or a group fo people

Owners Equity: The companies assets

Liability: Amount own by the company

Equities: financial rights of the company's assets

Assets: anything a comany owns that has an established value

Gross pay - deductions = net pay

Assets: liability + owners equity

Sole propertiorship: Company owned by a single person

Corporation: A group of people own a buisness

Partnership: Two or more people own a buisness

emplyees are paid hourly or salary and if they go overtime there is an especific amount of money to pay them.

emplyess payments have deductions of taxxes that are medical cae or social security.

it is an accounting software used to enter and record information

You can:
Record Deposits
Record Transactions and payments
Write and print checks